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Paytm fires staff

Paytm cuts over 1,000 jobs in bid to reduce staff costs by 15%

26 Dec 2023

One 97 Communications, the parent company of Paytm, has laid off over 1,000 employees, impacting various departments such as payments, lending, operations, and sales. The move aims to optimize operations, reduce staff costs by 15%, and enhance profitability. The decision, made over the past few months, is attributed to performance-related...

Paytm fires over 1,000 employees in effort to reduce costs

25 Dec 2023

The parent company of Paytm has reportedly let go of over a thousand workers from its engineering, sales, and operations departments in an effort to cut expenses and to consolidate operations, according to the sources. The layoffs that have taken place over the last several months represent one of the...